Forgive me for my ignorance: so this guy has lots of Bitcoin now? What can you buy with Bitcoin? Can you just convert the Bitcoin into dollars? If so, how much money did this person make from this?
The hypothetical investor probably has the same amount of Bitcoins he always had, but Bitcoins are worth many more dollars now than previously, a difference of three orders of magnitude.
You can easily sell Bitcoins for US dollars on mtgox.com, but after mid-2013 you need a verified account (which IIRC requires sending them proof of residence) to transfer them to your bank account, which is a heck of a trivial inconvenience. (For all I know there might be an easier way, though.)
The hypothetical investor probably has the same amount of Bitcoins he always had, but Bitcoins are worth many more dollars now than previously, a difference of three orders of magnitude.
Noted. And as for the other things I asked?
You can easily sell Bitcoins for US dollars on mtgox.com, but after mid-2013 you need a verified account (which IIRC requires sending them proof of residence) to transfer them to your bank account, which is a heck of a trivial inconvenience. (For all I know there might be an easier way, though.)
I heard other exchanges, e.g., BitStamp don’t have this problem.